Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

Berkshire Hathaway’s profits rise 17% as Warren Buffett prepares to step down as CEO

OMAHA, Neb. (AP) — The profits of Warren Buffett‘s company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway (BRK-B, BRK-A) continues to prepare for the legendary 95-year-old investor to relinquish the CEO title in January. But last month’s $9.7 billion investment in OxyChem won’t…

Read More
Yahoo news home

US urges ASEAN to be firm in countering China in the South China Sea

KUALA LUMPUR, Malaysia (AP) — U.S. Defense Secretary Pete Hegseth on Saturday urged Southeast Asian nations to stand firm and strengthen their maritime forces to counter China’s increasingly “destabilizing” actions in the South China Sea. Speaking at a meeting in Malaysia with his counterparts from the Association of Southeast Asian Nations, Hegseth reiterated U.S. concern…

Read More